One of the biggest and possibly most nerve-racking parts of purchasing a new construction home is getting the funds together. If you’ve purchased a home before, you know the lending portion of the process can be stressful, invasive, and time-consuming. However, when it comes to financing new construction, the process can be much smoother and
Homebuying Advice: How to Choose Your Loan Term
Home Loans 101: The Basics of Borrowing for a New Home
For most, buying a home means borrowing money from the builder, a bank or another financial institution. This borrowed money is known as your “mortgage.” A variety of mortgage programs are available, with varying loan terms and interest rates, so it pays to understand what you’re getting into. For context, a typical home loan is 30
Understand the Loan Application Process & Take Control of Your Credit Score
Getting a mortgage these days can be challenging. We hear about the issue constantly, but what can YOU do to put yourself in the best position to obtain the best mortgage? Here are some basic steps to keep your credit looking good and ensure that your financial picture doesn’t change during the mortgage application process.
